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The Australian dollar fell over the past week despite strong global equities, weighed by iron ore futures down over 17% from their May 12 peak. Attention turns to the RBA meeting and possible bond-yield guidance.
Currency weakness modestly favours Australian grain export competitiveness, while the iron ore slump reflects China's steel curbs and cooling metals demand.
forex.caMay 29, 2021Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
